Happiest Minds' Q4 Profit Jumps 80% To Rs 61.17 Crore, Rs 3.65 Dividend Announced; BFSI, Healthcare Contribution Jumps, Edutech Sector Revenue Declines

New Delhi, May 29: IT firm Happiest Minds Technologies on Friday reported a 79.9 per cent growth in consolidated net profit to Rs 61.17 crore in the January-March quarter of FY26 primarily on the back of improved employee utilisation and a resulting expansion in operating margins.

The company had posted a net profit of Rs 34 crore in the corresponding quarter of FY25, according to regulatory filings.

Revenue from operations grew 10.9 per cent to Rs 604.08 crore during the quarter under review as compared to Rs 544.57 crore in the year-ago period. Seen sequentially profit and revenue rose 51.7 per cent and 2.8 per cent respectively.

Employee utilisation improved to 81.4 per cent in the quarter under review up from 77.4 per cent in the corresponding period last year. As of March 31 2026 the company has 6,497 employees.

The company s operating margin grew by 30.7 per cent year-on-year to Rs 106.21 crore in Q4 FY26 compared to Rs 81.25 crore in Q4 FY25. As a percentage of revenue the operating margin expanded to 17.5 per cent from 14.9 per cent in the year-ago period.

Stock Market Snapshot

Happiest Minds Technologies shares traded lower on May 29, 2026, despite recovering from sharper losses seen at the opening of the session.

As of 2:00 PM IST, the stock was trading at ₹378.00, down ₹0.60 or 0.16% from the previous close of ₹378.60. The stock opened at ₹388.00 and touched an intraday high of ₹394.00 before witnessing selling pressure that pulled it to a low of ₹376.25.

The Happiest Minds share price remained range-bound through most of the afternoon session after the early decline, suggesting investors were largely cautious amid broader market movements.
With a market capitalisation of about ₹5,660 crore, the stock has corrected significantly from its 52-week high of ₹674.85, though it continues to trade above its 52-week low of ₹330.20. The recovery from the day’s low indicates selective buying interest emerging at lower levels.

Dividend Announced

“On the back of our improved utilisation…we have delivered industry-leading operating margins of 17.4 per cent well within our guided range. With our investments of the previous years paying off and based on expected growth of 12.5 per cent in constant currency for the next year we are planning to improve our margins by at least 100 basis points.

“On the back of a robust balance sheet and healthy cash flows we remain well-positioned to continue our investments in our AI-First strategy to deliver sustainable long-term value. We are pleased to announce a final dividend of Rs 3.65 per share subject to shareholder approval,” Happiest Minds Managing Director Venkatraman Narayanan said.

For the full fiscal year ended March 31 2026 Happiest Minds net profit stood at Rs 212.62 crore about 15 per cent higher than Rs 184.66 crore in the preceding fiscal. FY26 revenue came in 12.3 per cent higher at Rs 2 315.11 crore.

Among industry verticals Banking Financial Services and Insurance (BFSI) remained the largest contributor to the company’s revenue expanding its share significantly to 26.1 per cent in FY26 from 22.5 per cent in FY25.

Healthcare emerged as the second-largest vertical accounting for 17.1 per cent of the total revenue up from 16.3 per cent in the previous fiscal.

Conversely the revenue share from the Edutech sector witnessed a year-on-year decline dropping to 15.6 per cent in FY26 from 18.7 per cent in FY25.

Geographically the United States continued to be the dominant market for the company although its overall contribution to total revenue moderated to 59.3 per cent in FY26 compared to 64.6 per cent in FY25.

Meanwhile India saw its revenue share increase to 17.6 per cent in FY26 from 15.6 per cent in the preceding financial year.

The Asia-Pacific (APAC) region also saw a year-on-year increase contributing 7.2 per cent to the FY26 revenue up from 5.3 per cent in FY25.

“The education segment is being transformed by GenAI which will lead to opportunities and the revival of the EdTech vertical. In addition to the success of the Arttha banking platform our Eduweave solution already has live customers and a good set of prospects and we expect many of our other platforms to drive repeatable sales and solutions ” Joseph Anantharaju Co-Chairman CEO Happiest Minds said.

Shares of Happiest Minds were trading 0.11 per cent higher at Rs 378.85 apiece in early-day trade on the BSE on Friday.